Use online vat registration for faster and safe vat registering

If you’re a trader based in the UK or any other EU country which has adopted vat as a medium of taxation then you should use online VAT registration for faster and secure vat registering checkvatnumber.com. Most countries have computerised their vat operations so you too should save on effort and time by using all online vat services provided by your own vat department.

In the United Kingdom vat rules specify that you can apply for vat registration in case your taxable sales rise over the vat threshold limit of £70,000 in the past 1 year or if you feel that they will do so within the next 1 month, although you can still register before the sales touch this figure. However, you are able to at the moment only complete basic vat online registration by filling up and submitting vat form 1 online. This form is normally used by small businesses. If your business is a partnership firm, a group of companies, or plans to do business internationally then you can download and print all vat registration forms but will probably be required to fill the form manually before sending it back to the HM Revenue and Customs or hmrc vat department.

If you are planning to go in for online vat registration in another eu country which has adopted vat then you will need to first study all applicable vat rules before you decide to register your organization online. In case you have trouble in deciphering uk vat or eu vat rules then its better if you appoint a vat agent or even a customs and excise customs vat agent in the event you intend to conduct your business on an international level. This may allow you to remain safe while following all vat rules in different countries with falling foul of any department.

When you send your vat online registration form to your hmrc department then you’ll receive a vat questionnaire within 15 days that will require additional details to be submitted such as your organization address, telephone and fax numbers, banking account numbers, and several other details connected to your business including a few purchase and sales invoices.

Once your application is eligible you will receive your vat number and you will now have to alter your invoicing method to issue vat invoices for all of your sales. This vat invoice will need to display your vat no, vat rate, vat amount and the same must also be displayed in your vat returns that will need to be submitted to the hmrc vat department at regular intervals.

Currently, in the UK there are 3 different types of vat rates applicable to all services and goods. The standard vat rate is 17.5% that’s set to increase to 20% from January 4, 2011 onwards. There’s a reduced vat rate of 5% plus a zero vat rate on specific services and goods that will stay the same. There’s also certain goods and services that are vat exempt. However, the vat rates are different in each eu country although the basic concept of charging vat tax remains the same in all vat enabled countries.

If you want to register your business for vat then going on the internet may help save time plus allow you to securely complete the required process required for vat registration. You ought to simply log on to the hmrc vat department in case your business is based in the UK or ask your vat agent to do so on your behalf before using online vat registration to have registered as being a vat dealer without any problem.